Question

Who benefits from tariffs on imported goods? How?

Answer 1

can i get brainliest plz i need it so i can move on to the next level thanks!

Explanation: Tariffs increase the prices of imported goods. Because of this, domestic producers are not forced to reduce their prices from increased competition, and domestic consumers are left paying higher prices as a result. The benefits of tariffs are uneven. Because a tariff is a tax, the government will see increased revenue as imports enter the domestic market. Domestic industries also benefit from a reduction in competition, since import prices are artificially inflated

Answer 2

Answer:

The government and local business benefit from tariffs. Since tariffs are taxes on imported goods, the local business benefit from competition. They can sell the product for the same price but without chargine the tax which brings more customers to them. The government just benefits from the extra tax money.

Hope this helps!